End of an era Toshiba was the first company to bring a laptop PC to market in 1985, known as the T1100. Now, decades later, the company that played such an important role in mobile computing, is leaving the PC business behind.
In 2018, Toshiba saw the writing on the wall for its PC business, as it sold a majority stake (80.1%) to Sharp. Sharp, which now operates under Foxconn's conglomerate umbrella, would use the majority stake as a foothold to re-enter the PC market.
Under the terms of the sale, Sharp acquired most of Toshiba's products, technology, brands, and other assets that were formerly part of Toshiba's Client Solutions Group. Sharp then brought the business under the Dynabook brand, and Toshiba retained a 19.9 percent stake.